ERH eromanga hydrocarbons limited

trading halt, page-29

  1. 2,499 Posts.
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    cdchi1 the latest addition to their website, June 2008, requires pps file...powerpoint... to view but there are some slides there that i hadn't seen before.

    47c i can live with....indicates 'bullishness' from the buyers, imo.
    53c, last sale, with extra shares, would equate to 45c roughly. So can't see it going much below say 46c....what do you think?

    As an example NDO with the extra 82.5 millin shares was worth 47c based on its last sale price and it hasn't fallen below 47c..yet, even with the delays they had due to storms! in fact went to 48.5c today.

    we'll see, but i believe that 47c is bullish and should provide a good boost to the sp especially if followed up with good updates.
    A placement above 50c, of course would be extremely bullish and would see the stock climb very quickly above current values with or without an update, imho.
 
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